Which are the best vehicles for estate planning: living trusts or limited liability corporations? Phelps LaClair has prepared thousands of estate plans for our clients in the Phoenix Valley. We can say with certainty that there is no “one size fits all” estate plan. Some...
At Phelps LaClair, with offices in Chandler, Mesa, Phoenix and Scottsdale, we know that every generation has specific concerns and values that need to be addressed with custom, well-designed estate plans. We recently posted an article on estate planning for millennials. In that blog post,...
You have worked hard to build your estate. Every purchase, every investment, every financial decision has been made so you can leave an inheritance that is also a legacy. Phelps LaClair, serving Phoenix, Chandler, and Mesa, is a second generation estate planning law firm dedicated...
At Phelps LaClair we get a lot of estate planning questions from people who have started or are starting a small business. Many of our clients are semi or fully retired business people who have settled in the Phoenix Valley. One of the most common...
A common question we are asked at Phelps LaClair is, “Do I need an estate plan?” As a second generation estate planning firm with 40 years of experience in serving the Phoenix Valley, we believe, no matter how large or modest the estate, everyone can...
At Phelps LaClair, we love the springtime. It’s a perfect time for looking ahead in anticipation of new life and new challenges. Spring is the time when a young man’s fancy turns to . . . well, you know. When birds are building nests and...
At Phelps LaClair, we’ve been helping families in Chandler, Mesa, and Gilbert plan ahead for more than 40 years, and through multiple generations. We understand elder law, tax law, and estate planning. And we’d like to shed some light on long-term care insurance needs in...
Phelps LaClair firmly believes that estate planning is one of the most important financial arrangements you will ever make. It makes your end-of-life wishes known and brings families great peace of mind. It determines how your assets are distributed among your spouse, descendants, and friends...
You want to take steps to set up a Living Trust for your family so that if something were to happen to you and your spouse, the trust would enable your hard-earned finances to be available to provide for your children. Should you give the...
You’ve got a nest egg set aside in the form of an IRA (or another company retirement plan that you may eventually roll over into an IRA). And you’ve heard that Internal Revenue Service regulations now permit you to “Stretch-out” income-taxable distributions for a much...